Independent mortgage bankers are making a lot less money on each loan they originate these days, and they're originating a lot fewer loans on top of that.
"Absurdly bullish expectations" could send the market lower. Here's how to maneuver around it.
With President Obama’s press statement today, bludgeoning Republicans to extending jobless benefits for up to 99 weeks without budget offsets, we’re seeing a familiar game play out in recession politics: political football with the unemployed.
It seems that some days all news is good news to the stock market and the next day all news is bad news. And other times it seems as though the stock market extrapolates one single economic indicator as though it alone matters.
Stocks were lower on Thursday following signs that the recovery remains tepid, even as companies report strong earnings. So where should investors look to put their money amidst the uncertainty? Jay Leupp at Grubb & Ellis AGA and Harry Clark of Clark Capital Management Group discussed their views.
Odds of a double dip continue to drop. We now have three companies in three different fields that have not tried to dampen expectations for the second half of the year: Intel in tech, CSX in transports, and Alcoa in aluminum.